Feb. Gold Futures closed up 13.00 at 829.50 and March Silver Futures closed up 0.175 at 14.835.

Grains were higher with March Wheat Futures closing up 6 cents at 9.41 1/4, March Beans closed up 40 ¼ at 12.39 ½, and March Corn closed up 8 ¼ cents at 4.52 ¼.

Feb. Live Cattle Futures closed up 0.425 at 95.00 and March Feeder Cattle closed down 0.450 at 105.025. Feb. Lean Hogs closed at up 0.175 at 59.975.

“There is a boundary to men’s passions when they act from feelings; but none when they are under the influence of imagination.”

Author: Edmund Burke

AS I SEE IT:The market opened a little lower this morning before firming up into the close.The volume was very light, but I would imagine that tomorrow the volume will pick up a little.Price ranges should improve after the government reports in the morning.

Some overseas markets were closed today, so I’ll be watching their price action overnight and the momentum when our market opens in the morning for direction from here.

Daily Charts Sent Directly To Your Email

Send Email

Soaring Phoenix, LLC

About The Author

Mr. Ray Olson is the Author of the Market Strategies Workbooks. He has been trading for over 40 years, and his insights are priceless. Besides trading the Soaring Phoenix accounts, he publishes the Newsletters and teaches others how to trade.

Trade Like A Pro...Live The Life You Want

We want to give everyone the opportunity to "Trade Like A Pro" with the Soaring Phoenix Market Trading Strategies workbooks and free newsletter.
Even though these market trading strategies can be used in any market with enough volume to create movement, we specialize in teaching brokers/traders to trade the E-mini S&P, Nasdaq 100, 30 yr. T-Bonds, Gold, and the Oil market futures.
Our Instructor, Mr. Ray Olson, Senior Trader for Soaring Phoenix LLC accounts, and the Author of the Soaring Phoenix Market Trading Strategies has traded for 40 years and is one of the best traders in the country. We are fortunate to have him trade for Soaring Phoenix, and help others learn how to trade with the profit probabilities on their side.
We offer everyone the opportunity to learn more about our market trading strategies by sending them FREE, a daily newsletter with market comments and charts. We also send ATM (Active Trading Momentum) numbers for 60 days, so students can get an idea what these market trading strategies can do for them. If you purchase the Workbooks, Mr. Olson is available for his students to give them further instruction.